
Please try another search
By Dhirendra Tripathi
Investing.com – Snowflake (NYSE:SNOW) shares rose 2.5% in Tuesday’s trade following a buy rating from UBS that pegged their target price at $275.
UBS (NYSE:UBS) has initiated coverage of the stock with a target that’s 22% higher than its current levels.
StreetInsider quoted UBS analyst Karl Keirstead as saying that they spoke with 12 Snowflake customers to sharpen their view of data analytics software trends.
“While Snowflake's current CY22/FY23 revenue multiple of 42x is by far the highest in the software sector, so is the extraordinary 100%+ growth rate," StreetInsider quoted Keirstead as saying.
The Silicon Valley company has attracted a couple of upgrades this month including those from Deutsche Bank (DE:DBKGn) and Morgan Stanley (NYSE:MS). The former has a price target of $300 for the stock while the latter sees it at $270.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.